Doug Oberhelman

When Merck CEO Kenneth Frazier became the first member of President Donald Trump's American Manufacturing Council to resign in the wake of the president's equivocal response to the weekend's violent Unite the Right rally in Charlottesville, Va., he stood alone among his fellow titans of industry.

With the council since disbanded amid mounting CEO defections, Frazier's move Monday stands as a potentially pivotal moment in a divisive presidency: the day big business decided the price of proximity to the businessman president was too high.

"Nobody has resigned from the president's evangelical council," said Steve Schmidt, a longtime Republican strategist and vocal...

Related "Doug Oberhelman" Articles

When Merck CEO Kenneth Frazier became the first member of President Donald Trump's American Manufacturing Council to resign in the wake of the president's equivocal response to the weekend's violent Unite the Right rally in Charlottesville, Va., he...

To understand why the 2018 race for governor is expected to be the most expensive contest in Illinois history, consider this: Of the $36 million candidates reported raising between April and June, $34 million came from just two donors.Billionaire hedge...

Visitors to the McDonald's wooded corporate campus enter on a driveway named for the late chief executive Ray Kroc, then turn onto Ronald Lane before reaching Hamburger University, where more than 80,000 people have been trained as fast-food managers.
...

Gov. Bruce Rauner's nonprofit economic development corporation has a new CEO, and he's coming from upstate New York.
Mark Peterson, currently the president and CEO of the economic development engine for the Rochester, N.Y., region, on Thursday was...

Caterpillar is paying its new CEO about $400,000 less in base salary than his predecessor, according to the company's proxy statement.
Jim Umpleby, who took over as CEO on Jan. 1, is receiving a salary of $1.2 million, according to Securities and...

Published in Chicago Tribune on April 27, 2017 — Print headline: "New Cat CEO paid less than old chief"

President Donald Trump brought two dozen manufacturing CEOs to the White House on Thursday and declared their collective commitment to restoring factory jobs lost to foreign competition.
Yet some of the CEOs suggested that there were still plenty of...

Caterpillar said Tuesday it would scrap plans to build new offices in Peoria and instead relocate its headquarters and 300 employees to the Chicago area, becoming the latest in a series of high-profile companies seeking a bigger talent pool and better...

To change a corporate culture, change the location of the corporate headquarters.
In a nutshell, that seems to be the goal of James Umpleby, Caterpillar's recently named CEO, who is leading the heavy construction and equipment maker's headquarters...

Caterpillar forecast 2017 revenue and earnings that trailed analysts' estimates as signs of a recovery in mining and energy have yet to translate into a rebound in demand for the company's signature yellow machines.
Revenue will be in a range of $36...

During a conference call this week that was open to the news media, Caterpillar's CEO said he was a little concerned about the incoming administration's tough foreign trade rhetoric.
Should Cat's chief Doug Oberhelman, who is generally supportive of...

While concerned about some of President-elect Donald Trump's "rhetoric" on trade policy, Caterpillar chief executive Doug Oberhelman said Tuesday that he thinks those in the new president's administration "will use every tool they can get" to promote...

Caterpillar's third-quarter profit was essentially cut in half with the global economy stuck in a funk, and the company said that it expects that malaise to extend into next year.
The construction and mining equipment maker lowered its outlook for the...

As chief executive officer of Caterpillar Inc., Douglas Oberhelman once pushed the company, like one of its trademark yellow-and-black bulldozers, to plow forward into world markets -- no matter the obstacles.
Oberhelman saw the growing middle class in...

Caterpillar's Doug Oberhelman will retire after a 41-year career with the largest maker of construction and mining equipment, leaving his replacement to finish the job of navigating a commodities slump.
The 63-year-old will be replaced as chief executive...

Caterpillar, the biggest producer of construction and mining equipment, said it sees 2016 sales at the lower end of a previous forecast as equipment demand fails to rebound after a slow start to the year. The company also expects to cut more jobs.
In its...

Caterpillar Inc., the best performing major industrial stock this year, lowered its profit and sales forecasts as a three-month-old commodities rally risks running out of steam.
"Commodity prices improved from their recent lows, but excess supply...

Caterpillar Inc. reported a fourth-quarter loss as sales for equipment continued to slide amid weakness in the mining and energy industries.
Still, the results topped Wall Street expectations as the construction and mining equipment maker continues...

Chicago Ideas leaders insisted that Wednesday night’s sold-out talk featuring Martha Stewart, United Therapeutics CEO Martine Rothblatt and others wouldn't be about “women’s entrepreneurship.”
And with a varied program that focused more on five female...